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If the sole-proprietor intends to use the business name for a Private Limited Company, when should the date of cessation be?

April 26, 2017Business cessation COMPANY intends limited private sole-proprietor

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If the sole-proprietor intends to use the business name for a Private Limited Company, when should the date of cessation be?

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There is no objection to the business firm being terminated within 3 months of the date of incorporation. If the business owner wishes to extend the date of termination beyond the 3 month period, he/she must submit the request in writing to ACRA citing the reasons) for the extension.